For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

Soul Circle Music Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, The Bloomsbury Building, 10 Bloomsbury Way, Holborn, WC1A 2SL.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

These financial statements for the year ended 31 October 2025 are the first financial statements of Soul Circle Music Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 November 2023. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

In the prior year the corporation tax liability for £3,804 was not provided for in the accounts. A prior period adjustment has therefore been made resulting in profit after tax reducing by £3,804 for the year ended 31 October 2024.

In the prior year share capital was provided for at £920 in the accounts. Per the Certificate of incorporation there were 1,000 ordinary shares issued at £1 each. A prior period adjustment has been made in the current year to recognise the additional £80 of share capital paid by the director.

The director has agreed to prepare the financial statements on a break-up basis due to the company having ceased trading in the reporting period and being wound up. true

On this basis, assets have been stated at their estimated realisable values and provisions have been made for any losses arising from the winding-up process.

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Recording and publishing income is recognised on a receivable basis to the extent that it can be quantified from amounts recevied from or declared by licensees and other parties.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company only has financial instruments which are classified as basic financial instruments.

Short-term debtors and creditors are measured at the settlement value. Any losses from impairment are recognised in profit and loss.

Bank loans are initially recorded at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The average monthly number of persons (including directors) employed by the company during the year was:

Jamar McNaughton is the director for the following limited companies:

During the year, Cruxial Limited received funds on behalf of Soul Circle Music Limited totalling £46,350 and repaid the company £251,451 At the balance sheet date the Cruxial Limited owes the Ltd £nil. (2024 - £205,101)

During the year, October Tenth UK received funds on behalf of Soul Circle Music Limited totalling £16,476 and repaid the company £16,476. At the balance sheet date October Tenth UK Limited owes the Ltd £nil. (2024 - £nil)

During the year the company recevied income on behalf of the director, Jamar McNaughton totalling £216,026 and the company repaid the director £189,685. At the balance sheet date the company owed the director £17,996. (2024 - £8,346 owed by the director).

This balance is interest free and repayable on demand.

During the year the company repaid £3,293 to resigned director Pierre Bost. At the balance sheet date the company owed the resigned director £nil. (2024 - £3,293).

During the year the company repaid £624 to resigned director Brendon Sharpe. At the balance sheet date the company owed the resigned director £nil. (2024 - £624).

In the prior year the corporation tax liability for £3,804 was not provided for in the accounts. A prior period adjustment has therefore been made resulting in profit after tax reducing by £3,804 for the year ended 31 October 2024.

In the prior year share capital was provided for at £920 in the accounts. Per the Certificate of incorporation there were 1000 ordinary shares issued at £1 each. A prior period adjustment has been made in the current year to recognise the additional £80 of share capital paid by the director.